Gonzaga area rental house ready for GU parents and investors alike! This 5 bedroom, 2 bath home has been rented to Zag students for the past 21 years with zero vacancy. Vinyl siding, vinyl windows, gas furnace, central a/c, new flooring and new interior paint. Main floor laundry/mud room off back door. Fenced backyard and ample paved parking in front and back. Just a few short blocks from campus. Tenants pay ALL utilities including W/S/G. Leased through May of 2027 for $2875/mo. Home is occupied and virtually staged for photos.
$5,470/month in current gross rents! This 6-unit Spokane investment property generates approximately $65,640/year in gross rental income at the current rent roll. Unit mix includes three 1-bedroom/1-bath units, two 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, providing six separate income streams and a diverse tenant mix. Offered at $539,000, that's under $90,000 per unit with an 8.21 gross rent multiplier. Property also includes a 3-car garage and sits on a corner lot in the Logan neighborhood near Gonzaga, downtown and area amenities. An opportunity to acquire an established multifamily property with substantial existing income and potential for future improvement.
Discover the charm of this historic 1890s Cape Cod-style duplex, perfectly situated on a .14-acre corner lot. This prime location offers you quick access to shopping in Kendall Yards, Gonzaga University, and the vibrant downtown Spokane. Enjoy the convenience of nearby local favorites such as Indaba Coffee, REI, Made with Love Bakery, and unique antique shops. Plus, you’ll be just two doors down from the Sinto Senior Center, which hosts daily activities and food for the community. This inviting duplex features a spacious main living and dining area, along with 2 bedrooms and 1 bath on the lower level. The upper unit offers a cozy one bedroom and bath, providing flexibility for various lifestyles. Whether you envision it as your owner-occupied home, an Airbnb, a VRBO rental, or a lucrative investment property, this gem is filled with potential. Don’t miss out on this opportunity to own a piece of history!
$3,775/month in current gross rents. This fully occupied Shiloh Hills duplex features a 4BD/2BA unit at $1,925/month and a 2BD/1BA unit at $1,850/month — both tenants in place. Brand new roof, 3,456 sq ft total, unfinished basement on the 2BD side ready for expansion, 2 covered carport spots, fenced yard, and dedicated storage on an 8,400 sq ft lot. Strong cash flow, no major capex surprises, and value-add upside still on the table.
Well-maintained 8-unit investment opportunity consisting of two 4-plexes on separate residential parcels, offering the possibility of residential financing with more favorable terms than typical commercial loans, subject to buyer’s lender. Each unit features a spacious 2 bed / 1 bath layout of approximately 1000 SF with washer/dryer hookups—larger than typical Spokane rentals—supporting strong tenant demand and retention. Property has been carefully self-managed with excellent upkeep and a stable tenant base with consistent payment history. Recent improvements include multiple newer water heaters and washer/dryer units. In-place rents provide solid cash flow with clear upside through light interior updates; comparable renovated units are achieving ~$1,450–$1,550/mo. One unit has been left intentionally vacant for owner-occupancy or immediate lease-up at market rent. A well-performing, stabilized asset with consistent operations and a straightforward value-add opportunity in a high-dema
SVN Cornerstone is pleased to present the Howard Building for sale located at 224 S Howard St in Downtown Spokane. The Howard Building consists of 40 apartment units, 2 retail suites (one occupied by The Blessed Express Barbershop and one vacant), shared laundry facilities for the tenants, a communal gathering area for tenants, and a basement with value add opportunity for additional use. Ownership has completed extensive upgrades, including fresh interior paint, new flooring, updated bathrooms, new light fixtures, and partial furnishings. The property features 40 apartment units and 2 ground floor retail suites, providing a balanced mix of residential and commercial revenue. Tenants enjoy shared laundry facilities, a communal gathering space, and enhanced building security, all in a central Downtown Spokane location with walkable access to restaurants, shopping, entertainment, nearby third party parking,and transit Value-Add Potential Attractive Assumable Loan
Stunning, fully renovated 5-plex in the heart of Browne’s Addition! Prime location a block from several restaurants including, The Elk. Also close to Coeur d'Alene Park & Grocery store, w/ quick access to downtown Spokane & I-90. All units updated w/ modern finishes, new appliances & remodeled interiors. Strong rental history = excellent turnkey investment. Unit mix: Four 2bd/1ba + one 1bd+office/1ba. Amenities include on-site laundry (smart card for add’l income), basement storage for each unit & 1 covered parking space/unit (carport/garage). Conventional gas boiler w/ hydronic heating serves entire bldg. Updates: new: flooring, ext/int paint, plumbing fixtures in all units, commercial 76 gal. gas hot water heater. Unit D remodeled to studs. New roof on garage/carport; main roof ~12 yrs old. Great opportunity in one of Spokane’s sought-after neighborhoods!
Fantastic Rental Opportunity! Completely renovated! This triplex was completely overhauled with upgrades to the plumbing, electrical, roof and siding. Each unit has modern finishes including durable laminate plank flooring, white kitchen cabinetry, quartz countertops and stainless appliances. Bathrooms were also fully refreshed with new fixtures, updated showers, vanities, and faucets. Each unit has its own washer/dryer for added convenience. The property is fully fenced and has a private parking area with dedicated space for each unit as well as room for guest parking. Ideally situated near Gonzaga University, shopping and restaurants, making this a desirable location for tenants.
SVN Cornerstone is pleased to present the Hogan Duplex and Storage Units for sale located at 3024 N Hogan St in Spokane. The Hogan Duplex and Storage Units consist of two 2 bedroom 1 bathroom units in the duplex and 2 storage units on the same lot. Opportunity for Residential Financing – Qualifies for attractive residential financing with lower down payment options and favorable loan terms, increasing accessibility and overall return potential Rental Upside – Current rents are below market with the ability to increase to approximately $1,350, providing immediate income growth potential Diverse Income Streams – Duplex units combined with additional storage units provide multiple sources of income and reduced vacancy risk Strong Location – Situated in a desirable Spokane location with access to employment, schools, and amenities, supporting consistent rental demand and long term stability New roof in 2022 and updated heaters help reduce near term capital expenditures and improve operational stability
Mixed use commercial building with high traffic exposure. Main level is currently a restaurant space with large dining area & full commercial kitchen addition in 2008 with gas 8 burner range, double ovens and hood suppression system, steam table, walk in Norlake refrigerator approx. 8' deep by 6' wide, dishwasher, 3 bay sink, 2 hand sinks, freestanding freezer and additional fridge, 2 bathrooms, and storage. Updated fire sprinkler system. 2nd floor is currently used as an owner residence but could be easily divided into (2) 1 bedroom 1 bath apartments with their own meters. Kitchens would need to be finished/added for each unit. The full basement provides additional dry storage with concrete floor and access to plumbing, electrical and mechanical. Brick construction and TPO style roof. Gas forced air heat with roof mounted A/C systems for main level suite. 4 onsite parking spots behind the building. Updated mechanical including new roof in 2015.
Hard to find purpose built upper south hill duplex close to shopping, bus line, & schools. Front unit (3142) is currently vacant and easy to show. Ideal for owner occupant as this unit includes the 2 car attached garage. Both units are 2 bedroom 1bath with laundry hookups, informal dining space and private patio areas. Rear unit (3144) is currently leased through September 2026 and has full access to large patio and back yard. Tenants provide their own washer & dryer.
Excellent investment opportunity in Spokane! Well-maintained brick duplex featuring two 2-bed / 1 bath units with functional layouts and strong rental demand. Kitchens include appliances, and both units offer gas forced heat. Value-add opportunity with full unfinished basements—ideal for adding bedrooms, bathrooms, or expanding living space to increase rents and overall return. Convenient location near shopping, dining, and major roadways, making it highly attractive to tenants. A solid option for investors seeking immediate income.
Prime Investment Opportunity: Newer 4-Plex in Spokane Presenting an exceptional investment opportunity—this 5 year new, luxury 4-plex is a turnkey property offering immense potential for long-term returns. Each of the four spacious, multi-level units features 3 bedrooms, 2.5 bathrooms with high-end finishes, making it an ideal choice for investors looking to capture both rental demand and appreciation in one of Spokane’s most iconic neighborhoods. With sleek granite countertops, stainless steel appliances, and high-end flooring throughout, these units offer modern, comfortable living spaces. The open floor plans and multi-level design provide a sense of space and privacy, while the efficient use of square footage ensures low maintenance costs and maximized rental income. The property is equipped with all the latest amenities, including Fire suppression system, energy-efficient systems, smart-home technology, and modern fixtures, giving it a competitive edge in the local rental market.
The Villa Maria Maria Apartments are part of a 29 Unit Portfolio, including The Villa Maria Apartments located at 418 E Mission Ave (15 units), Astor Apartments located at 2228 N Astor St (8 units), and Seventh Apartments located at 1427 W 7th Ave (6 units). All three properties have been very well maintained, and renovations have been completed across each property. Villa Maria Apartments Details: 15 bedroom house 5 shared bathrooms Common laundry room with 2 washers and 2 dryers Upgraded copper electrical wiring and asphalt shingle roof $100,000 in capital improvements, including full furnishings in each room and a high efficiency gas water heater Student housing property rented by the room Multiple common areas, including a large shared kitchen and furnished living spaces 5 parking spaces Double pane windows Fireplace in basement living room
The Seventh Apartments are part of a 29 Unit Portfolio, including The Villa Maria Apartments located at 418 E Mission Ave (15 units), Astor Apartments located at 2228 N Astor St (8 units), and Seventh Apartments located at 1427 W 7th Ave (6 units). All three properties have been very well maintained, and renovations have been completed across each property. Seventh Apartments Details: Unit mix includes 5 1 bed/1 bath units and 1 studio 3 on site parking spaces in addition to ample street parking $30,000 in capital improvements, including new water heaters and exterior paint Upgraded copper electrical wiring One unit located in a separate building on the same lot
SVN Cornerstone is pleased to present the Villa Maria Apartments for sale located at 418 E Mission Ave in Spokane's Logan neighborhood. The Villa Maria Apartments consist of a 15 bedroom shared housing residence with five bathrooms. The property features a large shared kitchen, furnished common living areas, a common laundry room with two washers and two dryers, and five off street parking spaces. - Recent capital improvements include fully furnished bedrooms, upgraded copper electrical wiring, a newer asphalt shingle roof, double pane windows, and a high-efficiency gas water heater. - Prime Logan neighborhood location within walking distance of Gonzaga University, downtown Spokane, shopping, dining, and major employers. - All bedrooms and common areas are fully furnished, allowing for seamless leasing and making this a turnkey investment. - Affordable by the room housing attracts a stable tenat base primarily consisting of students. - Residential Utility Billing
Turnkey investment opportunity in Spokane’s Logan neighborhood near Gonzaga University. This fully updated 4-bedroom (1 BR non conforming), 2-bath home offers strong rental potential with a flexible layout ideal for student or multi-tenant occupancy. The finished basement provides additional living space and bedroom count, maximizing income potential. The garage provides additional 451 SQ foot of space for hobbies, workspace, or storage. Currently set up as a bedroom (5th) and fitness room Recent renovations (2023) reduce maintenance concerns, while the open-concept main level and modern kitchen increase tenant appeal. Detached garage with bonus space offers potential for storage income or future value-add. Convenient proximity to downtown Spokane, schools, and amenities supports consistent demand and occupancy. Brand new sewer line, HVAC & AC, on demand hot water tank.
Charming duplex just off Monroe, close to local shops & eateries! Lower unit offers 3 beds & 1 bath, plus a 4th bonus room. Fully remodeled throughout, featuring an open-concept living & dining area, great kitchen layout w/ new appliances, space for an island, & a walk-in butler’s pantry w/ beautiful built-ins. Two main-level bedrooms sit next to a full guest bath, while the lower level includes an oversized egress bedroom, laundry area & bonus room. Access from the front foyer or back entry. The updated upstairs unit features a welcoming living space, two large storage areas, laundry off the kitchen, an oversized bedroom w/ walk-in closet, stylish 3/4 bath w/ tiled shower, & a perfectly designed kitchen w/ dining space plus brand-new HVAC. Upstairs has current lease . Lower unit/ baswment is vacant. Extensive updates including fresh paint, new cabinets, counters, flooring, landscaping & more. Street parking in front or 1-car garage via alley. Photos taken prior to tenancy.
Ash Apartments is a well-located 7-unit value-add apartment community in Spokane’s West Central neighborhood, offering immediate cash flow with a clear path to enhanced long-term returns through light interior upgrades and operational improvements. The property consists of two charming buildings and has benefited from nearly $115,000 in recent capital improvements including new electrical service and panels, upgraded windows, new siding and exterior paint, interior paint, LVP flooring, and a new furnace, significantly reducing near-term capital needs. The asset is ideally positioned for continued income growth through updated interiors and refreshed common areas, and its proximity to Downtown Spokane, Gonzaga University, transit, parks, and major employers supports strong and durable rental demand, making it an attractive opportunity for investors seeking a stabilized core holding with meaningful upside.
Great opportunity to own a well-maintained 4-plex just minutes from downtown and everyday amenities including shopping, dining, and public transportation. This income-producing property features convenient garage parking, a shared laundry room, and a desirable location that continues to attract reliable tenants. All four units are currently occupied, providing immediate rental income for the next owner. Ideal for investors seeking a stable, turn-key multifamily property in a high-demand area.
Solid income-producing 4-plex located just minutes from downtown, shopping, restaurants, and everyday amenities. Property features garage parking, secure access to the units, shared on-site laundry, and a private balcony for each unit, providing comfort and convenience for tenants. All units are currently occupied, offering immediate rental income and a great opportunity for investors seeking a stable multifamily asset in a desirable location.
Built in 2023, this modern duplex in the highly sought-after Mead School District with each unit offering 3 bedrooms, 3 bathrooms, over 1,700 sq ft of living space, and a 2-car garage. The home features an open-concept floor plan with spacious rooms, 9-foot ceilings on every level, and high-end finishes throughout. Enjoy durable LVP flooring, quartz countertops, under-mount sinks, and quality cabinetry with soft-close drawers. The kitchen also features a large pantry for additional storage. The spacious primary suite includes a full bathroom and two walk-in closets. Large windows throughout the home provide abundant natural light in every bedroom and living space. Conveniently located near shopping, restaurants, parks, and everyday amenities. A fantastic opportunity for investors looking to add a newer construction property to their rental portfolio or for buyers looking for the perfect house-hack opportunity.
Excellent investment opportunity in Spokane’s highly desirable Browne’s Addition neighborhood. This two-story multifamily property comprises five 1 bed, 1 bath units, each offering strong rental appeal in one of the city’s most established and walkable areas. Each unit blends historic character with functional layouts, including original hardwood floors, abundant natural light, and decorative fireplaces in select units. Full-size kitchens and well-maintained bathrooms with tub/shower combinations provide practical, comfortable living spaces for tenants. The property offers consistent demand due to its proximity to parks, dining, medical facilities, and downtown Spokane. Ideal for investors seeking stable cash flow in a proven rental submarket.
Spokane Investment Opportunity - 9-unit studio apartment building plus a separate 1-bedroom, 1-bath single-family residence, situated on a single parcel, in a centrally located Spokane neighborhood near downtown. Each unit is designed for low-maintenance living and strong tenant appeal. Convenient access to downtown, shopping, dining, and public transportation enhances long-term rental demand and overall investment stability.
Seller offering a $10,000 credit on this North Spokane duplex! It offers a functional layout with open living spaces, in-unit laundry, and a strong rental history. Each unit includes a fenced front yard, and carport at the back to provide secure, convenient off-street parking.
Spokane is located in Washington. Spokane, Washington has a population of 225,709. Spokane is less family-centric than the surrounding county with 27.98% of the households containing married families with children. The county average for households married with children is 30.49%.
The median household income in Spokane, Washington is $56,977. The median household income for the surrounding county is $64,079 compared to the national median of $69,021. The median age of people living in Spokane is 36.4 years.
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 24 degrees. The average rainfall is approximately 17.2 inches per year, with 43.9 inches of snow per year.
